One reason why ICOs projects are loosing their trust and credibility before potential investors ?

in #cryptoindustry6 years ago (edited)

A lot of ICO projects for the past years were established on the strength of the two major or leading or starters of the Blockchain community thus #Bitcoin and #Ethereum and other coins that emerged strongly in the few years. These ICOs depended strongly on these major coins that their tokens were specially traded in exchange for these coins and hence when these major coins shows signs of depreciation it affects the token sales of these icos but when these major coins rise its a strong wide of success to the icos that depend on them . Again the #whales who are capable of manipulating the rise and fall of these major coins indirectly manipulate the icos , there is this politics which has crept into the Blockchain community, that is these whales are on the otherhand having their own projects so they manipulate the major coins to manipulate the icos that may be possible competitors to their projects due to this rise and fall of these majors coins many icos have not been able to end their icos because of this their investors lose trust since the project is delaying.
@tithelis
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Good info, i will check up soon

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